The Globe and Mail reports in its Saturday, Aug. 23, edition that Vision Capital's Jeff Olin says he recently sold InterRent REIT. The Globe's Brenda Bouw writes that InterRent owns multifamily rental residential apartments in Canada. Mr. Olin says he has invested in the REIT on several occasions over the past 15 years. He last bought it in March, 2025, at an average price of $10.61 a unit. Mr. Olin says in a note: "Then, on May 27, InterRent announced an agreement to be acquired by Carriage Hill Properties Acquisition Corp, a newly formed entity owned by CLV Group and GIC, Singapore's sovereign wealth fund. The deal hasn't closed yet, but unitholders are expected to receive $13.55 per unit in cash. The stock traded above the takeover price due to speculation that a higher bid would emerge. We recently decided to sell around the takeover price and take our profit in advance of closing. It's the 22nd takeover of a portfolio holding in the Vision Opportunity Funds since its inception in 2008."
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